Glossary

Wealth Management Terms

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Wealth Management and WealthTech is a constantly changing landscape. It can be hard to keep up. Our handy glossary has been designed to help you get to grips with some of the words and terms you might come across – with short, straight-forward definitions. We hope you find it useful.

Omni-Channel Servicing

What is omni-channel servicing? Omni-channel servicing is the provision of several communication channels via which the advisor and client can interact and includes both traditional channels (eg. face-to-face meetings, phone call, email etc.) with newer digital channels (such as real-time messaging, video, voice and real-time collaboration tools). This allows advisors to interact with their clients via their preferred channels from anywhere and at any time – exchanging information and documents all within a secure environment.   

Open API (also see API)

What is Open API? Open API refers to application programming standards that allow connections to be quickly built against standardised and public API definitions. Such API’s allow firms to more quickly integrate systems, and more cost effectively maintain these integrations, streamlining data flow and the user experience.

Open Banking

What is Open Banking? Open Banking is a system that allows customers to share their financial data securely with third-party providers, enabling better financial management and personalised services. See also open wealth.

Open Wealth

What is open wealth? Similar to open banking for personal bank accounts and savings, open wealth is a means to consolidate a client’s wealth into a single location, allowing customers to more easily share a much fuller and more accurate, up to date picture of their financial situation to wealth management firms providing them with wealth services.

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Mark Perkins

Chief Technology Officer

As Chief Technology Officer at Wealth Dynamix, Mark is responsible for the company’s technology strategy and the teams that deliver it, from architecture through to execution. With over 16 years’ experience in financial services technology, Mark has led complex transformation programmes across capital markets, with particular depth in cloud transformation, SaaS and trading and risk platforms.

Prior to joining Wealth Dynamix in 2026, Mark ran the financial services SaaS solutions business at DXC Technology, partnering with leading software providers across capital markets, fund administration and open banking to build and operate SaaS platforms. Earlier in his career, while living in Australia, he helped to significantly grow the technical consulting team at Luxoft, delivering numerous cloud and risk platform modernisation initiatives, before running market risk technology for ANZ Bank. Mark brings this breadth of platform and transformation experience to Wealth Dynamix’s technology strategy and clients.

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